MBA: California Had 24% of Origination Volume

California topped the mortgage origination chart last year with nearly 3.39 million loans, which represented 15.9% of the total number of U.S. originations but 24% by dollar volume, according to the Mortgage Bankers Association.The MBA reported that Florida had the second-highest number of originations, 1.18 million, followed by Texas, with 967,000; Illinois, with 948,000; and Michigan, with 829,000. On the subprime front, California led the pack with 443,000 originations, followed by Florida (150,000), Texas (132,000), and New York (85,000). The numbers were published in two market summary reports: 2003 Mortgage Originations by State and 2003 Prime and Subprime Mortgage Originations by State. The MBA can be found on the Web at http://www.mortgagebankers.org.